I would say that is a personal decision given we all have different criteria as to whom we consider safe to hold our money... I base mine on how well capitalized the FCM is, the amount of funds of other people at hand, and what facilities they provide for reporting and dealing with year end taxes.
You can find info on capitalization from the CFTC...
I have been with Mirus/RCG for a year. I have no complaints. The few times I called Tech Support , they were very helpful and answered the phones rather quickly. I have had no problems with RCG.
I talked to RCG and Dorman about opening an account directly with them, before I signed up with Mirus, but got the feeling I was too small to fit their customer profile . I am a small volume discretionary trader.
I talked to AMP at the same time I talked to Mirus. Mirus was lower cost and better margins.
Hope this is of some help.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
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It's my understanding that the broker provided free NinjaTrader "lite" does not include the Advanced Trade Management (ATM) functionality. This means it does not automatically place OCO target and stop orders upon a trade entry. It does however have all charting functionality including chart trader.
RCG updates your account info in near real-time. So after you make a trade through them, you can log in to your online account to confirm your trade within a few minutes. With Dorman, you generally have to wait until midnite EST to confirm your trade details. Since I'm a little on the obsessive compulsive side, I switched from Dorman to RCG just for this reason.
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